Transcript Document
The economic situation of the automotive industry Brno, 5 June 2009 Ivan Hodac Secretary General I. Current economic situation (1) Vehicle Production Europe World* 2007: 19.7 million 2007: 69 million 2008: 18.4 million (-7%) 2008: 63 million 4th quarter 2008: -26% 1st quarter 2009: -37% 2009: 55 million** Forecast Europe 2009: Passenger cars: 11.9 million (-25%) Commercial vehicles: 1.2 million (-50%) *Source: Global Insight ** ACEA remark: forecast very optimistic I. Current economic situation (2) PC registrations Europe 2008: Q4 2008: Q1 2009: April 2009: Czech Republic 14.7 million (-8.0%) -20.0% -17.2% -12.2% 0.14 million (+8.4%) +2.4% -5.9% +19.0% CV registrations Europe Czech Republic 2008: 2.4 million (-8.9%) 4th quarter 2008: -23.9% 1st quarter 2009: -35.4% 0.07 million (-3.8%) -30.0% -40.1% April 2009: -69.9% -40.3% NOTE: Vehicle production figures differ from registration figures because part of the European production is exported outside the EU registrations in the EU include vehicles imported from outside the EU II. Industry demands to the EU in the economic crisis Safeguard level playing field More coordination of support measures Framework conditions Avoid unnecessary administrative burden Respect better regulation Access to finance Solve problem of access to finance for OEMs and suppliers Stimulate demand More fleet renewal measures needed Social adjustment Make use of European funds III. National government support measures: examples (1) Germany Fleet renewal scheme: € 2 500 for scrapping old car and buying one <1 year old Tax exemption for cars >Euro4 € 500 million for R&D on alternative powertrains France Fleet renewal scheme: € 1 000 for scrapping old car and buying new one; can be combined with CO2 bonusmalus system € 6.5 bn state loans to manufacturers € 2 bn re-financing facility for automotive financing companies Fund for the modernisation of the supply chain III. National government support measures: examples (2) Spain €4 bn government support for the automotive sector (“Plan Integral del Automovile en Espana”) €680 mil to be used for loans to manufacturers and suppliers in production facilities €120 mil support for R&D investment and training €10 mil for electric vehicles pilot programme €950 mil investments in improving transport by road, rail and sea About €650 mil financing facilities for automotive SMEs New fleet renewal scheme: €2 000 for scrapping old car and buying new one or used car maximum 2 years old III. Fleet renewal schemes in the EU UK: £2 000 > 10 years £300 Mn 10 months 2009-10 F: €1 000 + staggered tax rebate up to € 5 000 > 10 years New car max 160 gCO2/km (staggered) €220 Mn IRL 1 year 2008 – 2009 P: €1000/1250 > 10 years, >15 years New car max 140 gCO2/km 1 year 2009, extension? P NL: €750-1 000 cars €750-1 750 LCVs > 13 years (petrol) > 9 years (diesel) €65 Mn 2009 – 10 D: €2 500 further tax rebate for Euro 5/6 cars > 9 years Min Euro 4, max 1 year €1.5 Bn 1 year 2009 FIN S N EST LV LT DK UK F NL D B L CZ CH A PL SLO E I A: €1 500 > 13 years New car min Euro 4 €45 Mn 9 months 2009 RO: €1 000 > 10 years Max 60,000 vehicles 11 months 2009 SK H RO HR BG L: €1500/1750 > 10 years New car max 150 gCO2/km 1 year 2009 TR GR CY E: Plan 2000E: €2 000 Plan VIVE: interest free loan (€10 000 max) > 10 years, or 250,000 km car max 5 years, max 140 gCO2/km 1.5 years 2008 – 2010 I: M €1 500 – 3 000 cars €2 500 – 6 500 LCVs > 9 years New car max 130-140 gCO2/km 11 months 2009 SK: €2 000 > 10 years €22.1 Mn 9 months 2009 Campaigns underway Discussions IV. Support measures at EU level (1) The EU and the Commission lack instruments and powers… for financial support (small EU budget, use very restricted) for other incentives, such as tax incentives … and could do more on regulation Consider high cost of regulation on automotive industry Respect for better regulation and use of impact assessments Follow Competitiveness Council conclusions IV. Support measures at EU level (2): 29 May Competitiveness Council Regulation Simplify legislation, reduce administrative burden Utmost caution with new legislative measures Impact assessment and cost-effectiveness analysis, including non-regulation options for all new legislative and non-legislative proposals Impact assessments to reflect economic situation Compliance with new requirements should not cause excessive costs to businesses European funding More effective use to be made of the instruments of the EIB and of the Structural Funds IV. Support measures at EU level (3): Finance and demand European Investment Bank: Clean Transport Facility Loans for investment in fuel-efficient and clean technologies About € 7 bn will become available in 2009 Good start, but more funding will probably be needed Stimulate demand Fleet renewal schemes in 12 countries (scrapping, tax measures) help bridge downturn (production, employment) Additional measures needed for commercial vehicles (public procurement, renewal of bus fleet, investment in infrastructure) IV. Support measures at EU level (4): Social adjustment European Globalisation Adjustment Fund for job search assistance Adopt new rules quickly Do not to establish additional criteria (bankruptcies, closures of production sites) European Social Fund for training and retraining significant resources, but lack of transparency and complex procedures Make use of the instruments available at European level V. Conclusions The industry faces the biggest downturn in recent history remains viable in the long term needs quick, short-term support for financing, stimulating demand and social adjustment What the EU and Member States can do Framework conditions: Scrutinise new and existing regulation regarding better regulation, avoiding unnecessary administrative burden Roadmap of envisaged legislative and non-legislative initiatives Access to finance: increase EIB funding Demand stimulus: Fleet renewal schemes Use European Globalisation Adjustment and Social Fund Backup I: Fleet renewal schemes Country Incentive Vehicle age Duration Austria € 1,500 > 13 years 01.04.200931.12.2009 France € 1,000 > 10 years 04.12.200831.12.2009 Germany € 2,500 > 9 years 14.01.200931.12.2009 Italy € 1,500-5,000 (cars) € 2,500-6,500 (LCVs) > 9 years 07.02.200931.12.2009 (registration until 31.03.2010) € 1,000 (petrol) € 1,250 (diesel) > 10 years > 15 years 01.01.200931.12.2009 Romania € 900 approx. > 10 years 01.02.200931.12.2009 Spain Interest-free loan up to € 10,000 (Plan VIVE) > 10 years or > 250,000 km 01.12.200801.10.2010 € 2,000 (Plan 2000E) > 10 years (purchase new) > 12 years (purchase used) Portugal Country Incentive Vehicle age Duration Luxembourg € 1,500-1,750 > 10 years 22.01.2009 – 01.10.2010 Cyprus € 675 - 1,700 > 15 years Ongoing Slovakia €1,000-1,500 > 10 years 09.03.2009 25.03.2009 € 2,000 > 10 years 06.04.200931.12.2009 € 750 – 1,000 € 1,000- 1,750 > 13 years > 9 years 2009-2010 Exact date TBD The Netherlands 18.05.2009 Backup II: Vehicle production Czech Republic and Skoda Vehicle Production Czech Republic Skoda 2007: 0.94 million 2007: 0.62 million 2008: 0.95 million (+0.9%) 2008: 0.60 million (-3.1%) Q4 2008: 0.20 million (-22.5%) Q4 2008: 0.11 million (-39.0%) Q1 2009: 0.21 million (-23.0%) Q1 2009: 0.10 million (-45.5%)